Vida launches seven-year fix at 90% LTV

Standard and fee saver options are available on their Vida 36 tier with a £600k maximum loan size.

Rates are 7.49% with a £995 fee and 7.69% for the Fee Saver which has £0 product fee, no assessment fee, and a free valuation.

In addition, a new two-year buy to let limited edition product has also been launched. Up to 65% LTV and at an initial rate of 6.65%, it is available on Vida 36 for individual units, houses of multiple occupancy (HMO) and multi-unit blocks (MUBs) and comes with a fixed fee of 2%.

Helen Cawthra, head of intermediary relationships commented:

‘At a time when many households are struggling to save due to cost-of-living pressures or high ongoing monthly rent, being able to buy or move with a smaller deposit is an attractive option, especially for first time buyers. Similarly, existing homeowners may be looking to avoid the potential cost of moving by making improvements to their existing property. A seven-year product will also give intermediaries more options to discuss with clients who are looking for longer term consistency and peace of mind when it comes to their monthly repayments.’

All products are backed by Vida’s Service Pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have received anything but excellent service.